Market Overview:
The global HVAC refrigerant recovery machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient HVAC systems, growing awareness about environmental protection, and rising concerns about greenhouse gas emissions. The global HVAC refrigerant recovery machine market can be segmented on the basis of type into heating, ventilation, and air conditioning (HVAC) machines. The HVAC machines segment is expected to account for the largest share of the global market in 2018. This segment is also projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. On the basis of application, the global market can be divided into residential, commercial, and industrial applications.
Product Definition:
An HVAC refrigerant recovery machine is a device used to extract refrigerant from an air conditioning or heating system. This machine is important because it helps protect the environment by preventing ozone-depleting chemicals from being released into the atmosphere.
Heating:
The refrigerant recovery machine is used to recycle the heat from the refrigeration system and use it in heating applications. The amount of heat put out by a particular type of refrigerant depends on its temperature. Compressed natural gas (CNG), propane, and ammonia are some common types of refrigerants that can be recycled for their energy content using this equipment.
Ventilation:
Ventilation is the controlled flow of air in and out of a building. It helps maintain indoor air quality by removing pollutants and other harmful gases from the indoor space. Ventilation systems are used to control radon, carbon dioxide, moisture levels, humidity, and other gaseous pollutants that contribute to unhealthy conditions in buildings.
The refrigerant recovery machine uses ventilation as one of its major sources for cooling or heating purposes.
Application Insights:
The global market has been classified into residential, commercial and industrial on the basis of application. The residential sector accounted for a share of over 60% in 2017. This high share is attributable to growing urbanization and rising disposable income in developing countries such as India, China and Brazil. Moreover, government initiatives promoting energy-efficient products are expected to fuel the demand for HVAC refrigerant recovery machines over the forecast period.
The commercial segment is projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to an increase in construction spending by businesses across various regions including North America and Europe Pacific due largelyto tax incentives offered by governments on installing energy-saving equipment such as air conditioning systems which result in lowering electricity bills thereby increasing their operating efficiency resulting in lower carbon emissions per unit of power consumed which further enhances their environmental credentials attracting more consumers every year thus driving industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing construction activities and growing population. The region is expected to continue its dominance over the forecast period due to rapid industrialization, especially in China and India. In addition, rising disposable income will drive demand for advanced HVAC systems in these countries.
North America accounted for a significant share of revenue generated by refilling refrigerants that have been recovered from waste or are still available as a liquid but are no longer suitable for use as a refrigerant due to their high chemical content or because they have exceeded their shelf life. This can be attributed to strict environmental regulations regarding recovery of such chemicals that would otherwise end up being released into the environment, thereby reducing market growth potential.
Europe is anticipated to witness steady growth over the forecast period owing with recovering from waste heat recovery units (WHRUs) used primarily during cold seasons only.
Growth Factors:
- Increasing demand for energy-efficient appliances
- Growing awareness about the benefits of using HVAC refrigerant recovery machines
- Rising demand from the construction and automotive industries
- Technological advancements in HVAC refrigerant recovery machines
- Growing popularity of green buildings
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Refrigerant Recovery Machine Market Research Report
By Type
Heating, Ventilation, Air Conditioning
By Application
Residential, Commercial, Industrial
By Companies
Reftec International Systems, Bosch Automotive Service Solutions, Appion, INFICON, CPS Products, YELLOW JACKET, REFCO Manufacturing, Mastercool, Bacharach, YAO TSUAN ENTERPRISE, Reftec International Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Refrigerant Recovery Machine Market Report Segments:
The global HVAC Refrigerant Recovery Machine market is segmented on the basis of:
Types
Heating, Ventilation, Air Conditioning
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Reftec International Systems
- Bosch Automotive Service Solutions
- Appion
- INFICON
- CPS Products
- YELLOW JACKET
- REFCO Manufacturing
- Mastercool
- Bacharach
- YAO TSUAN ENTERPRISE
- Reftec International Systems
Highlights of The HVAC Refrigerant Recovery Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heating
- Ventilation
- Air Conditioning
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HVAC Refrigerant Recovery Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HVAC refrigerant recovery machines are used to recover refrigerant from a failed or worn out HVAC system. The machine uses high-pressure liquid nitrogen to liquefy the refrigerant, which is then removed through a pipeline.
Some of the major companies in the hvac refrigerant recovery machine market are Reftec International Systems, Bosch Automotive Service Solutions, Appion, INFICON, CPS Products, YELLOW JACKET, REFCO Manufacturing, Mastercool, Bacharach, YAO TSUAN ENTERPRISE, Reftec International Systems.
The hvac refrigerant recovery machine market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HVAC Refrigerant Recovery Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HVAC Refrigerant Recovery Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVAC Refrigerant Recovery Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HVAC Refrigerant Recovery Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HVAC Refrigerant Recovery Machine Market Size & Forecast, 2018-2028
4.5.1 HVAC Refrigerant Recovery Machine Market Size and Y-o-Y Growth
4.5.2 HVAC Refrigerant Recovery Machine Market Absolute $ Opportunity
Chapter 5 Global HVAC Refrigerant Recovery Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 HVAC Refrigerant Recovery Machine Market Size Forecast by Type
5.2.1 Heating
5.2.2 Ventilation
5.2.3 Air Conditioning
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global HVAC Refrigerant Recovery Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 HVAC Refrigerant Recovery Machine Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVAC Refrigerant Recovery Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HVAC Refrigerant Recovery Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America HVAC Refrigerant Recovery Machine Analysis and Forecast
9.1 Introduction
9.2 North America HVAC Refrigerant Recovery Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America HVAC Refrigerant Recovery Machine Market Size Forecast by Type
9.6.1 Heating
9.6.2 Ventilation
9.6.3 Air Conditioning
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America HVAC Refrigerant Recovery Machine Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe HVAC Refrigerant Recovery Machine Analysis and Forecast
10.1 Introduction
10.2 Europe HVAC Refrigerant Recovery Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe HVAC Refrigerant Recovery Machine Market Size Forecast by Type
10.6.1 Heating
10.6.2 Ventilation
10.6.3 Air Conditioning
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe HVAC Refrigerant Recovery Machine Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific HVAC Refrigerant Recovery Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific HVAC Refrigerant Recovery Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific HVAC Refrigerant Recovery Machine Market Size Forecast by Type
11.6.1 Heating
11.6.2 Ventilation
11.6.3 Air Conditioning
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific HVAC Refrigerant Recovery Machine Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America HVAC Refrigerant Recovery Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America HVAC Refrigerant Recovery Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America HVAC Refrigerant Recovery Machine Market Size Forecast by Type
12.6.1 Heating
12.6.2 Ventilation
12.6.3 Air Conditioning
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America HVAC Refrigerant Recovery Machine Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) HVAC Refrigerant Recovery Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) HVAC Refrigerant Recovery Machine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) HVAC Refrigerant Recovery Machine Market Size Forecast by Type
13.6.1 Heating
13.6.2 Ventilation
13.6.3 Air Conditioning
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) HVAC Refrigerant Recovery Machine Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HVAC Refrigerant Recovery Machine Market: Competitive Dashboard
14.2 Global HVAC Refrigerant Recovery Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Reftec International Systems
14.3.2 Bosch Automotive Service Solutions
14.3.3 Appion
14.3.4 INFICON
14.3.5 CPS Products
14.3.6 YELLOW JACKET
14.3.7 REFCO Manufacturing
14.3.8 Mastercool
14.3.9 Bacharach
14.3.10 YAO TSUAN ENTERPRISE
14.3.11 Reftec International Systems
